SG Americas Securities LLC grew its position in Penn National Gaming, Inc (NASDAQ:PENN) by 72.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,836 shares of the company’s stock after acquiring an additional 17,178 shares during the quarter. SG Americas Securities LLC’s holdings in Penn National Gaming were worth $1,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PENN. Earnest Partners LLC purchased a new position in shares of Penn National Gaming in the third quarter valued at approximately $36,544,000. Hennessy Advisors Inc. purchased a new position in shares of Penn National Gaming in the fourth quarter valued at approximately $35,347,000. Lord Abbett & CO. LLC purchased a new position in shares of Penn National Gaming in the second quarter valued at approximately $20,760,000. Wells Fargo & Company MN lifted its position in shares of Penn National Gaming by 155.9% in the third quarter. Wells Fargo & Company MN now owns 839,146 shares of the company’s stock valued at $19,627,000 after acquiring an additional 511,183 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Penn National Gaming by 5.8% in the second quarter. Vanguard Group Inc. now owns 7,344,994 shares of the company’s stock valued at $157,183,000 after acquiring an additional 405,172 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Several equities analysts have recently weighed in on PENN shares. Deutsche Bank raised their target price on Penn National Gaming from $29.00 to $32.00 in a research report on Monday, December 18th. TheStreet upgraded Penn National Gaming from a “c+” rating to a “b+” rating in a research report on Monday, November 13th. Jefferies Group started coverage on Penn National Gaming in a research report on Thursday, January 18th. They issued a “buy” rating and a $39.00 target price on the stock. BidaskClub downgraded Penn National Gaming from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 5th. Finally, Union Gaming Research raised their target price on Penn National Gaming to $35.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $29.09.

Penn National Gaming, Inc (NASDAQ:PENN) opened at $27.56 on Monday. Penn National Gaming, Inc has a 1 year low of $13.73 and a 1 year high of $33.30. The company has a market capitalization of $2,512.45, a P/E ratio of 5.23 and a beta of 1.05. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.82 and a current ratio of 0.82.

Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($3.40) EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($3.58). Penn National Gaming had a negative return on equity of 22.76% and a net margin of 15.97%. The company had revenue of $769.00 million for the quarter, compared to analysts’ expectations of $766.82 million. During the same quarter in the previous year, the business posted $0.05 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. analysts forecast that Penn National Gaming, Inc will post 1.39 EPS for the current year.

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About Penn National Gaming

Penn National Gaming, Inc (Penn) is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.

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Institutional Ownership by Quarter for Penn National Gaming (NASDAQ:PENN)

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